UK Online Casinos > Online Casinos > Online Casino News 27 November 2009 CryptoLogic Announces Q3 Results The Online Casino Software provider Cryptologic has announced its financial results for the third quarter ending September 30, 2009. While branded game revenue saw strong growth for the third consecutive quarter, sluggish wagering activity and a slower-than-expected rollout of games by new licensees adversely affected the overall result. Financial highlights: Revenue of $9.6 million (Q2 2009: $10.1 million) in a typically slow season for onternet gaming Branded game revenue increased by 46% to $0.78 million, up from $0.53 million in Q2 and $0.31 million in Q1 2009 Hosted casino revenue decreased to $7.1 million (Q2 2009: $7.7 million) due primarily to two jackpot wins on Millionaires Club, one of the company's most popular games Poker revenue of $0.5 million (Q2 2009: $0.5 million) Net loss before minority interest of $3.4 million (Q2 2009: $6.3 million) Diluted loss per share of $0.25 (Q2 2009 diluted loss per share: $0.46) Net cash as at September 30, 2009: $28.4 million (June 30, 2009: $33.8 million) Dividend of $0.01 per share for the quarter (Q2 2009: $0.03 per share) "Despite a disappointing third quarter, CryptoLogic's business strategy is delivering tangible progress, albeit at a slower pace than anticipated," said Brian Hadfield, CryptoLogic's President and CEO. "With a lower cost base, the largest customer roster in CryptoLogic's history and our third consecutive quarter of increased revenue from branded games, we remain focused on executing our plan - and returning to profitability and long term growth." Cryptologic's Online Casino Games can be played at Intercasino

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